As of March 12, 2024, The Latham Group is forecasting a revenue range of $490 million to $520 million for the fiscal year. This projection falls below the initial estimate of $546.746 million.
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Despite initial expectations, The Latham Group anticipates generating between $490 million and $520 million in revenue for the fiscal year 2024, as of March 12th. This figure is lower than the previously estimated $546.746 million.
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With March 12, 2024 as the reference date, The Latham Group is projecting a revenue range of $490 million to $520 million for the fiscal year. This forecast is below the earlier estimate of $546.746 million.
SWIM Stock Price Update: March 12, 2024 – Potential for Rebound Ahead
On March 12, 2024, SWIM stock experienced a slight decrease in its price performance. The stock closed at $3.28, which was a decrease of $0.02 or 0.61% from the previous market close. Despite this drop, SWIM is still trading in the middle of its 52-week range and above its 200-day simple moving average, indicating some stability in its price momentum.
After the market closed, SWIM stock continued to decline in after-hours trading, dropping an additional $0.43. This further decrease in price may be attributed to various factors such as market volatility, company news, or overall market sentiment.
Investors and traders should keep a close eye on SWIM stock in the coming days to see if this downward trend continues or if there is a potential for a rebound. It is important to conduct thorough research and analysis before making any investment decisions, especially in light of the recent price movements of SWIM stock.
SWIM Stock Analysis: Strong Net Income and EPS Growth Despite Revenue Decline
On March 12, 2024, SWIM stock showed mixed performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was $695.74 million, which represents a 10.35% increase compared to the previous year. However, in the most recent quarter, total revenue decreased by 9.23% to $160.78 million.
Despite the decrease in revenue in the last quarter, SWIM managed to increase its net income. The net income for the past year was -$5.69 million, but in the third quarter of the year, it rose to $6.15 million, marking a significant 90.87% increase since the previous year. Additionally, net income increased by 7.66% since the last quarter.
Earnings per share (EPS) also showed positive growth trends for SWIM stock. The EPS for the past year was -$0.05, but in the third quarter, it increased to $0.05. This represents a 90.36% increase in EPS since the previous year and a 5.92% increase since the last quarter.
Overall, SWIM stock exhibited strong financial performance in terms of net income and EPS growth, despite a slight decline in total revenue in the last quarter. Investors may view these positive indicators as a sign of the company’s ability to generate profits and potentially drive stock price appreciation in the future.
